Monitoring and evaluation
Once the business plan is in action it is necessary to monitor and evaluate how the plain is
progressing. Monitoring is the regular checking and measuring of what actually happened in
the business. Evaluation involves comparing a
- Payroll tax which is levied on all employers who pay salaries, wages, bonuses etc.
it is the main source of revenue for the state
- Land taxes are levied on those with certain types of land except for those used for
agriculture. Stamp dutie
Zoning: areas are zoned by the government and planning departments so that communities
are developed in a balanced way. A zone is a area with a distinctive feature or quality. zoning
regulations affect the locations of businesses in particular to a
For a sole trader, the only type of equity finance available is supplied by the owner, and
For a partnership, equity finance is the same as for a sole trader, except the number of people
who can contribute is larger.
-affirmative action the affirmative action act (EEO for women) is important to all women in
all areas of employment. It promotes equal opportunities for women.
-Occupational health and safety (OH&S) sets out the rights and responsibilities of both
Quality control is based on inspection of the product to make sure it meets the needs of the
Quality assurance involves putting into place procedures and processes to avoid faults or
errors before they happen.
Total quality management is a stron
Robotics has become increasingly common in the manufacturing process. They are
particularly useful for repetitive work, dirty or hazardous work and for moving heavy items
Cost centers are individual parts of a business. Managers are responsible for all as
Procurement is the purchasing of resources and is responsible for getting high quality inputs
for the rest of the value chain.
The whole value chain must focus on the customers need.
Logistic is concerned with the organisation of each stage of the process
Incorporated Businesses such as Private or public companies have limited liability meaning
that a person can only loose the amount invested into the business. They can also appoint
liquidators to ensure their assets are converted into cash.